Managers of Wealth Offshore

BMA registers seven insurers

The BMA noted that the registration/licensing of approved insurance entities is issued after the IALC application process and may be confirmed in future periods.

James River Group’s ratings are unchanged, AM Best says

“This legal action, as stated in JRG Holdings’ lawsuit, is ‘a result of the refusal of Fleming to complete the fully negotiated transaction as executed in November’.

MFSA issues warning about four unlicensed investment entities

One entity has been running sponsored ads on Facebook

Jersey Finance Launch Work Experience Scheme for 2024

The scheme brings together local finance firms and Year 12 or college students in an environment where they can explore the various career and firm options available on the Island.

Lloyd’s and Bermuda reveal partnership to boost innovation and education

This partnership presents a truly exciting opportunity to bind together the two markets to deliver the best possible solutions for our customers and make meaningful, innovative progress together.

Actuaries alarmed at lack of climate policy action

This could trigger multiple tipping points, such as the collapse of the Greenland ice sheets, with potentially irreversible effects.

MFSA issues Guidance for Money Laundering Reporting Officers

Observations gathered from a series of interviews and inspections

Cayman hospitality protests minimum wage change

Even the Cayman Islands Tourism Association, which played an active role in the committee, responded with concern.

BVI Cabinet approves new Belonger Status and Permanent Residence Policy

Residents may need to renew their Residence Status certificates every five years to maintain residency

GFSC say regulatory barriers aren’t the cause of banking pains

The risk level of money laundering through pooled client accounts has now been reduced for certain sectors.

Blue carbon credits monetization by the end of 2025

The value of the country’s blue carbon credits is estimated to be in the billions.

Privacy rights extend outside Bermuda

There are many ways in which personal information is collected for use from individuals who are outside of Bermuda.

AG: Bahamas prepared to argue its case at International Court of Justice against green house gas emitters

Pinder suggested that a favorable outcome would give countries like The Bahamas leverage to hold major polluters accountable.

BDA gears up for regulatory welcome at the Bermuda Risk Summit

We are extremely grateful for the level of support we have received from our industry partners

Decoded: Adhering to the Insurance Code of Conduct in 2024

Francesca Thomas, VP, Client Risk Management Consulting at Artex in Bermuda, answered some of the biggest questions.

The Cayman Islands Director Registration And Licensing Act

Persons, whether resident in the Cayman Islands or elsewhere, who fall within the category of Registered Directors must register with CIMA

Life insurers face increased regulation

The life insurance sector is a significant growth area that has experienced a surge in capital flows

BMA marks Women’s Day with promise of new DEI strategies

It also invited its female employees to the BMA House for a special IWD luncheon.

Money market report for the week ended March 8, 2024

ECB freezes interest rates

Cayman Companies Act Moves Forward

The version of the Bill that was passed is significantly different from the version that was circulated for consultation.

Regulation, Risk & Compliance